GST revenue collection in June moves up to touch Rs 95,610 lakh crore: Govt
New Delhi, July 1 (IBNS): Revenue collection from Goods and Services Tax (GST) moved up to touch Rs. 95,610 lakh crore in June, revealed a government data released on Sunday.
The GST collection figure stood at 94,016 crore a month ago.
"The current month’s revenue collection is Rs. 95,610 crore as compared to last month’s revenue of Rs. 94,016 crore," read a government statement.
"Further the gross revenue collection in the month of June 2018 is Rs. 95,610 crore whereas monthly average of GST collection in the last financial year was Rs. 89,885 crore," it said.
In the month of June, 2018 additional provisional settlement has been done and Rs. 50,000 crore has been settled between Centre and States.
The said provisional settlement has been done in addition to the earlier provisional settlement of Rs. 35,000 crore in February, 2018.
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